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Dow Jones Futures Today
Futures for the Dow Jones Industrial Average today (Wednesday) forecast a 450-point gain despite another highly volatile trading session on China's Shanghai Composite Index.
On Tuesday, the Dow Jones Industrial Average pared gains after a massive "Black Monday" rebound saw the market climb as many as 441.5 points. The Dow Jones Industrial Average and S&P 500 both slid into negative territory during the last 30 minutes of yesterday's trading session, one day after the Dow's worst three-day decline in its 133-year history. The Dow finished down more than 205 points on the day.
Early Tuesday morning, the Chinese central bank announced it had slashed interest rates and reduced the amount of money required for reserve banks to hold for the second time in just two months.
Top News in the Stock Market Today
- Stock Market Today: Investors will keep an eye on an update on domestic oil inventories from the U.S. Energy Information Administration (EIA), a monthly report on U.S. durable goods for July, and last month's update on nondefense capital goods.
- Oil Outlook: Domestic WTI oil prices were bouncing off near six-and-a-half year lows. WTI crude prices added 1.1% to reach $39.74 per barrel. Meanwhile, Brent oil prices added 0.3% to $43.56 per barrel. Here's how much of a rebound you can expect from Brent Crude oil prices after the "Black Monday" Crash…
- Earnings Reports: Companies reporting earnings include Abercrombie & Fitch Co. (NYSE: ANF), Workday Inc. (Nasdaq: WDAY), Williams-Sonoma Inc. (NYSE: WSM), Avago Technologies Ltd. (Nasdaq: AVGO), Guess? Inc. (NYSE: GES), Chico's FAS Inc. (NYSE: CHS), and Molycorp Inc. (NYSE: MCP).
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.